Mixed-Use Retail with
For Sale
Contact for pricing
9052 Fort Hamilton Parkway, Brooklyn, NY 11209
Five residential apartments sit above a retail storefront in this mixed-use building.
Property Size4,500 SF
Price / SF$377.78
Days on Market155
Property Features for 9052 Fort Hamilton Parkway
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
R5B, BR
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$75,820
Additional Details
Cap Rate
7.74%
Multifamily Units
5
Building Details
Units
6
Tenancy
Multi
Listing Agency:
IPRG Investment Property Realty Group
Listed By:
Matt Dittmeier · License #10401329347
Source:
Crexi
Added: May 26
Changed: Oct 26
Last Checked: Oct 26 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IPRG Investment Property Realty Group
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Investment Insights
Based on property information with market context.
This free-market mixed-use building offers five residential apartments above one retail storefront. The apartment mix is comprised of three 1BR units and two 2BR units, supported by a protected Tax Class 2A designation with low annual taxes.
The property is located on Fort Hamilton Parkway between 90th and 92nd Street in Bay Ridge, Brooklyn, with convenient access to the 95th Street (R) subway station. The building also sits in close proximity to the 86th Street retail corridor.
A current rent roll of $121,800 is in place, with a stated clear path to a proforma income of $181,200.
The property is located on Fort Hamilton Parkway between 90th and 92nd Street in Bay Ridge, Brooklyn, with convenient access to the 95th Street (R) subway station. The building also sits in close proximity to the 86th Street retail corridor.
A current rent roll of $121,800 is in place, with a stated clear path to a proforma income of $181,200.
Key Highlights
- Mixed‑use building with five residential apartments above one retail storefront
- Unit mix: three 1BR and two 2BR apartments
- Current rent roll of $121,800 with proforma income of $181,200
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,380
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
$2.7M
Cap Rate 7%
$1,962,571
$2.0M
Cap Rate 9%
$1,526,444
$1.5M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$254.9K $56.64/SF
− Vacancy
−$5.1K −$1.13/SF
EGI
$249.8K $55.51/SF
− OpEx
−$112.4K −$24.98/SF
NOI
$137.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,747,600
Cap Rate 7%
$1,962,571
Cap Rate 9%
$1,526,444
Alternative Uses
Best Use
Retail
$3.08M
$2.70M – $3.60M
NOI $215,796 @ 7.0% cap · market cap 12.69%
Second Best
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,380 @ 7.0% cap · market cap 8.08%
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,668
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residential apartments sit above a retail storefront in this mixed-use building.
Where is this apartment building located?
The property is located at 9052 Fort Hamilton Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Mixed‑use building with five residential apartments above one retail storefront; Unit mix: three 1BR and two 2BR apartments; Current rent roll of $121,800 with proforma income of $181,200
